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The fund invests in fixed income securities such as bonds or certificates that are issued or guaranteed by the government, municipality, county, solid public and financial institutions. The portfolio's average maturity will depend on our interest rate expectations, to be between two and four. The fund invests at least 90 percent of the fund's value in securities with a minimum credit quality of BBB minus ("investment grade"). All securities to be quoted in Norwegian kroner. The fund shall at all times be invested in assets with risk weight maximum of 20 per cent, cf. Regulations on capital adequacy in financial institutions. The credit risk in the fund is low and interest rate risk, moderate. Fixed income fund may be subject to credit risk. That is the risk that the issuer will not be able to meet its obligations when the bond matures.
Name | Title | Since | Until |
---|---|---|---|
Arne Mjelde | Portfolio Manager | 2004 | Now |
Biography | Arne Mjelde is portfolio manager for Norwegian bond funds. Before joining DNB Asset Management in 2001, he worked as Head of trading in DNB, responsible for DNB Bank's own bondportfolio, and trading of government and corporate bonds. He joined the DNB Group in 1995. He has previously worked in the treasury department in Christiania Bank (Nordea) and Norgeskreditt. Mjelde holds an MBA from the University of Colorado at Boulder and is also an authorized financial analyst (AFA) from the Norwegian Business School (NHH). |
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